It's a substantial shot in the arm and vote of confidence for these young startups. BDC Venture Capital, Canada's largest institutional venture capital investor, has provided four companies that recently completed the program of Vancouver-based startup accelerator GrowLab with $150,000 each in seed funding, for a total commitment of $600,000. ePACT, KarmaHire, Procurify and Spacelist were all judged to be "venture-ready" by a joint BDC Venture Capital and GrowLab selection committee. This means they each developed a solid product that showed significant early traction and, most importantly, they are each led by a team of entrepreneurs who proved they were determined, capable and eager to take on the world. The companies were free to turn down the investment, but all four took up BDC Venture Capital's offer.
To read the full, original article click on this link: Business Development Bank of Canada | BDC Venture Capital invests in four of GrowLab's latest graduates
